The Foreign Investment Law gets wings: draft implementation regulations released for public consultation

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Following the ground-breaking People's Republic of China (PRC) Foreign Investment Law (FIL) which unifies and replaces the main existing rules governing foreign invested enterprises (FIEs) and their activities, namely the Sino-Foreign Equity Joint Venture, the Sino-Foreign Cooperative Joint Venture Law, and the Wholly Foreign-Owned Enterprise Law (collectively the FIE Laws) being voted into law on 15 March 2019, the Ministry of Justice recently released the long-awaited draft PRC Foreign Investment Law Implementation Regulations (the Draft Implementation Regulations), to seek public comments.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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